Russian gold producer GV Gold is negotiating acquisition of Zoloto Kamchatki from multi-industry holding Renova Group of businessman Viktor Vekselberg.
Some sources say that the deal may be announced soon. Another source said that GV Gold was exploring various M&A options and Zoloto Kamchatki was among six gold companies under consideration, including Lenzoloto, a part of Polyus.
GV Gold CEO German Pikhoya declined to “comment on rumors.” Polyus declined to comment as well. (Prime/Ukrainian metal)